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Primoris Services Corp（PRIM）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是Primoris Services Corp的1.6倍（$3.0B vs $1.9B），Williams Companies净利率更高（28.5% vs 2.8%，领先25.7%），Primoris Services Corp同比增速更快（6.7% vs -0.6%），过去两年Primoris Services Corp的营收复合增速更高（14.7% vs 3.2%）
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
PRIM vs WMB — 直观对比
营收规模更大
WMB
是对方的1.6倍
$1.9B
营收增速更快
PRIM
高出7.3%
-0.6%
净利率更高
WMB
高出25.7%
2.8%
两年增速更快
PRIM
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.0B |
| 净利润 | $51.7M | $864.0M |
| 毛利率 | 9.4% | — |
| 营业利润率 | 4.2% | 43.6% |
| 净利率 | 2.8% | 28.5% |
| 营收同比 | 6.7% | -0.6% |
| 净利润同比 | -4.2% | 25.1% |
| 每股收益（稀释后） | $0.94 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PRIMWMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.6B | $4.2B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.6B | $2.8B |
净利润PRIMWMB
| Q1 26 | — | $864.0M | ||
| Q4 25 | $51.7M | $734.0M | ||
| Q3 25 | $94.6M | $647.0M | ||
| Q2 25 | $84.3M | $546.0M | ||
| Q1 25 | $44.2M | $691.0M | ||
| Q4 24 | $54.0M | $486.0M | ||
| Q3 24 | $58.4M | $706.0M | ||
| Q2 24 | $49.5M | $401.0M |
毛利率PRIMWMB
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 12.3% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 11.9% | — |
营业利润率PRIMWMB
| Q1 26 | — | 43.6% | ||
| Q4 25 | 4.2% | 27.3% | ||
| Q3 25 | 6.3% | 31.8% | ||
| Q2 25 | 6.7% | 28.0% | ||
| Q1 25 | 4.3% | 26.1% | ||
| Q4 24 | 5.0% | 23.2% | ||
| Q3 24 | 6.0% | 27.6% | ||
| Q2 24 | 5.5% | 24.4% |
净利率PRIMWMB
| Q1 26 | — | 28.5% | ||
| Q4 25 | 2.8% | 19.1% | ||
| Q3 25 | 4.3% | 18.5% | ||
| Q2 25 | 4.5% | 16.2% | ||
| Q1 25 | 2.7% | 16.5% | ||
| Q4 24 | 3.1% | 14.2% | ||
| Q3 24 | 3.5% | 23.3% | ||
| Q2 24 | 3.2% | 14.1% |
每股收益（稀释后）PRIMWMB
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.60 | ||
| Q3 25 | $1.73 | $0.53 | ||
| Q2 25 | $1.54 | $0.45 | ||
| Q1 25 | $0.81 | $0.56 | ||
| Q4 24 | $0.98 | $0.39 | ||
| Q3 24 | $1.07 | $0.58 | ||
| Q2 24 | $0.91 | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $535.5M | $950.0K |
| 总债务越低越好 | $469.9M | $30.1M |
| 股东权益账面价值 | $1.7B | $13.0M |
| 总资产 | $4.4B | $59.6M |
| 负债/权益比越低杠杆越低 | 0.28× | 2.31× |
8季度趋势，按日历期对齐
现金及短期投资PRIMWMB
| Q1 26 | — | $950.0K | ||
| Q4 25 | $535.5M | — | ||
| Q3 25 | $431.4M | — | ||
| Q2 25 | $390.3M | — | ||
| Q1 25 | $351.6M | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $352.7M | — | ||
| Q2 24 | $207.4M | — |
总债务PRIMWMB
| Q1 26 | — | $30.1M | ||
| Q4 25 | $469.9M | $27.3B | ||
| Q3 25 | $486.0M | $25.6B | ||
| Q2 25 | $603.1M | $25.6B | ||
| Q1 25 | $612.0M | $24.1B | ||
| Q4 24 | $734.8M | $24.7B | ||
| Q3 24 | $903.7M | $24.8B | ||
| Q2 24 | $933.0M | $24.1B |
股东权益PRIMWMB
| Q1 26 | — | $13.0M | ||
| Q4 25 | $1.7B | $12.8B | ||
| Q3 25 | $1.6B | $12.5B | ||
| Q2 25 | $1.5B | $12.4B | ||
| Q1 25 | $1.4B | $12.5B | ||
| Q4 24 | $1.4B | $12.4B | ||
| Q3 24 | $1.4B | $12.4B | ||
| Q2 24 | $1.3B | $12.3B |
总资产PRIMWMB
| Q1 26 | — | $59.6M | ||
| Q4 25 | $4.4B | $58.6B | ||
| Q3 25 | $4.6B | $55.7B | ||
| Q2 25 | $4.5B | $56.1B | ||
| Q1 25 | $4.2B | $54.9B | ||
| Q4 24 | $4.2B | $54.5B | ||
| Q3 24 | $4.2B | $53.8B | ||
| Q2 24 | $4.0B | $52.4B |
负债/权益比PRIMWMB
| Q1 26 | — | 2.31× | ||
| Q4 25 | 0.28× | 2.13× | ||
| Q3 25 | 0.30× | 2.04× | ||
| Q2 25 | 0.39× | 2.06× | ||
| Q1 25 | 0.42× | 1.93× | ||
| Q4 24 | 0.52× | 1.99× | ||
| Q3 24 | 0.67× | 2.00× | ||
| Q2 24 | 0.72× | 1.96× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $142.9M | $6.3B |
| 自由现金流经营现金流 - 资本支出 | $121.1M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 1.2% | 44.9% |
| 现金转化率经营现金流/净利润 | 2.76× | 7.31× |
| 过去12个月自由现金流最近4个季度 | $340.5M | — |
8季度趋势，按日历期对齐
经营现金流PRIMWMB
| Q1 26 | — | $6.3B | ||
| Q4 25 | $142.9M | $1.6B | ||
| Q3 25 | $182.9M | $1.4B | ||
| Q2 25 | $78.5M | $1.4B | ||
| Q1 25 | $66.2M | $1.4B | ||
| Q4 24 | $298.3M | $1.2B | ||
| Q3 24 | $222.5M | $1.2B | ||
| Q2 24 | $16.1M | $1.3B |
自由现金流PRIMWMB
| Q1 26 | — | — | ||
| Q4 25 | $121.1M | $-379.0M | ||
| Q3 25 | $148.4M | $485.0M | ||
| Q2 25 | $45.3M | $478.0M | ||
| Q1 25 | $25.6M | $421.0M | ||
| Q4 24 | $270.0M | $450.0M | ||
| Q3 24 | $158.8M | $561.0M | ||
| Q2 24 | $-8.1M | $700.0M |
自由现金流率PRIMWMB
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | -9.9% | ||
| Q3 25 | 6.8% | 13.9% | ||
| Q2 25 | 2.4% | 14.2% | ||
| Q1 25 | 1.6% | 10.1% | ||
| Q4 24 | 15.5% | 13.2% | ||
| Q3 24 | 9.6% | 18.5% | ||
| Q2 24 | -0.5% | 24.6% |
资本支出强度PRIMWMB
| Q1 26 | — | 44.9% | ||
| Q4 25 | 1.2% | 50.9% | ||
| Q3 25 | 1.6% | 27.3% | ||
| Q2 25 | 1.8% | 28.8% | ||
| Q1 25 | 2.5% | 24.2% | ||
| Q4 24 | 1.6% | 22.5% | ||
| Q3 24 | 3.9% | 22.5% | ||
| Q2 24 | 1.5% | 20.3% |
现金转化率PRIMWMB
| Q1 26 | — | 7.31× | ||
| Q4 25 | 2.76× | 2.15× | ||
| Q3 25 | 1.93× | 2.22× | ||
| Q2 25 | 0.93× | 2.66× | ||
| Q1 25 | 1.50× | 2.07× | ||
| Q4 24 | 5.53× | 2.51× | ||
| Q3 24 | 3.81× | 1.76× | ||
| Q2 24 | 0.32× | 3.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
WMB
| Service revenues | $2.2B | 73% |
| Other | $778.0M | 26% |
| Service revenues - commodity consideration | $46.0M | 2% |
